Ansbert Gadicke - May 22, 2023 Form 4 Insider Report for TCR2 THERAPEUTICS INC. (TCRR)

Signature
/s/ Ansbert Gadicke
Stock symbol
TCRR
Transactions as of
May 22, 2023
Transactions value $
-$1
Form type
4
Date filed
5/24/2023, 04:38 PM
Previous filing
Aug 1, 2022
Next filing
Jun 5, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TCRR Common Stock Exercise of in-the-money or at-the-money derivative security $132K +178K +91% $0.74 374K May 22, 2023 See Footnote F1, F2
transaction TCRR Common Stock Sale -$132K -70.2K -18.75% $1.88 304K May 22, 2023 See Footnote F1, F2
holding TCRR Common Stock 3.85M May 22, 2023 See Footnote F3
holding TCRR Common Stock 3.37M May 22, 2023 See Footnote F4

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction TCRR Common Stock Warrant (Right To Buy) Exercise of in-the-money or at-the-money derivative security $0 -42.8K -100% $0.00* 0 May 22, 2023 Common Stock 42.8K $0.74 See Footnote F1, F2
transaction TCRR Common Stock Warrant (Right to Buy) Exercise of in-the-money or at-the-money derivative security $0 -136K -100% $0.00* 0 May 22, 2023 Common Stock 136K $0.74 See Footnote F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On May 22, 2023, MPM Asset Management LLC ("AM LLC") exercised warrants to purchase 178,269 shares of the Issuer's common stock for $0.74 a share. AM LLC paid the exercise price on a cashless basis, resulting in the Issuer's withholding of 70,170 of the warrant shares to satisfy the exercise price and issuing to AM LLC the remaining 108,099 shares.
F2 The shares are held by AM LLC. The reporting person is a member of AM LLC and disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.
F3 The shares are held as follows: 3,056,272 by MPM BioVentures 2014, L.P. ("BV 2014"), 203,846 by MPM BioVentures 2014(B), L.P. ("BV 2014(B)"), 110,859 by MPM Asset Management Investors BV2014 LLC ("AM BV2014"), 421,070 by MPM SunStates Fund, L.P. ("MPM SunStates") and 62,916 by MPM Asset Management Investors Sunstates Fund LLC ("AM SunStates"). MPM BioVentures 2014 GP LLC and MPM BioVentures 2014 LLC ("BV LLC") are the direct and indirect general partners of BV 2014 and BV 2014(B) and BV LLC is the manager of AM BV2014. MPM SunStates Fund GP LLC and MPM SunStates GP Managing Member LLC ("SunStates GP") are the direct and indirect general partners of MPM SunStates and SunStates GP is the manager of AM SunStates. The reporting person is a managing director of BV LLC and a member of SunStates GP and disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.
F4 The shares are held by UBS Oncology Impact Fund L.P. ("UBS Oncology"). BioImpact Capital LLC ("BioImpact") is the General Partner of Oncology Impact Fund (Cayman) Management L.P., the General Partner of UBS Oncology. The reporting person is the managing partner of BioImpact and disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.